London, October 13, 2021: Modefin, a global fintech solutions company, today announced that its OEBP – Mobile Wallet application is available for purchase through Finastra’s FusionStore. Enabling a range transaction services, the app offers banks and financial service providers the ability to meet the demands of the modern consumer, offering financial freedom and flexibility. Modefin’s OEBP – Mobile Wallet connects to Finastra’s Fusion Essence and Fusion Equation core banking solutions for fast deployment and simple integration.
Going live on FusionStore marks the final stage of the app development journey for firms using Finastra’s open development cloud platform, FusionFabric.cloud. The FusionStore marketplace enables Finastra’s customers worldwide to access, test, purchase and deploy certified apps on top of Finastra core systems, helping them quickly realize the benefits and deliver added value to their customers.
Built on Finastra’s industry-leading core technologies and harnessing an extensive catalog of open APIs, Modefin has developed a flexible and scalable solution that can seamlessly integrate into a bank’s core banking system. The robust and secure OEBP – Mobile Wallet app is a payment solution on the go, enabling bill payment, P2P fund transfers, airtime top-up and more. The app supports QR code, ID-based, and card-based transactions, and provides customers with a holistic view of their expenses through the personal finance management tool. It promotes financial inclusion by offering a powerful payment solution for the unbanked and underbanked.
Indranil Basu Roy, Chief Business Officer, Modefin, said, “Finastra’s FusionFabric.cloud is a game changer in open collaboration. With our OEBP – Mobile Wallet Application going live on the FusionStore marketplace, we expect greater market reach and garner traction. Further, as a fintech, we get open access to the breadth of financial software provided by Finastra, leading to opportunities to enhance our existing products and innovations. It’s a win-win for fintechs, app developers, banking institutions and their end-users.”
Vincent Pugliese, SVP and General Manager of Platform at Finastra, said: “We’re excited to bring Modefin’s OEBP – Mobile Wallet live on the FusionStore. This OEBP – Mobile Wallet app will drive convenience for all while also working to reach underserved communities. We welcome Modefin to the FusionFabric.cloud platform as we continue building the next wave of financial services solutions in collaboration with our partners.”
Using Finastra’s open APIs, developers can create solutions that address business challenges across the financial services spectrum, including retail banking, payments, transaction banking, corporate banking, lending, treasury and capital markets.
Visit FusionStore for more information: https://store.fusionfabric.cloud/
For further information please contact:
SHRAVANI G M
Marketing Manager, Modefin
T: +91 9940684925
E: shravani.g@modefin.com
modefin.com
CAROLINE DUFF
Global Head of PR
T: +44 (0)7917 613586
E: caroline.duff@finastra.com
finastra.com
About Modefin
Headquartered in Bengaluru, India, Modefin was founded in 2011 by a team of technology professionals whose collective goal was to transform digital banking. Ten years later, their dream is close to reality with Modefin emerging as the preferred fintech partner for over 65 banks in 20+ countries, with on-ground presence in Africa, Asia-Pacific and Middle East. Modefin’s many firsts in digital banking include: first to launch multi-channel banking system in Kenya, first to launch Agent banking in Kenya, first to launch Card-less withdrawal in Uganda, first to launch Mobile-based account opening, first to launch Micro saving and Micro lending in East Africa and first to implement mVisa Services in Africa. Visit modefin.com
About Finastra
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.
About FusionFabric.cloud
FusionFabric.cloud is a scalable, open and collaborative development platform built by Finastra. The secure and proven cloud platform encourages innovation, opening up the company’s core systems through APIs so that third parties can develop applications on top. Fintechs can quickly build and promote apps worldwide. Financial institutions can access or create new services, which their customers are demanding, faster. Visit fusionfabric.cloud